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Zacks Investment Research downgraded Ellie Mae Inc (NASDAQ:ELLI) to Sell in a report released today.

Having a price of $99.93, Ellie Mae Inc (NASDAQ:ELLI) traded 0.19% higher on the day. With the last close up 9.02% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Ellie Mae Inc has recorded a 50-day average of $99.04 and a two hundred day average of $91.66. Volume of trade was down over the average, with 271,097 shares of ELLI changing hands under the typical 449,060

Zacks Investment Research has downgraded Ellie Mae Inc (NASDAQ:ELLI) to Sell in a statement released on 10/14/2016.

Performance Chart

Ellie Mae Inc (NASDAQ:ELLI)

With a total market value of $0, Ellie Mae Inc has price-earnings ratio of 129.78 with a one year low of $57.88 and a one year high of $105.98 .

A total of 8 brokerages have issued a ratings update on the company. Two analysts rating the company a strong buy, 5 firms rating the company a buy, two brokers rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 analysts rating the company a sell with a one year target of $98.00.

More About Ellie Mae Inc (NASDAQ:ELLI)

Ellie Mae, Inc. (Ellie Mae) is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. The Company's Encompass all-in-one mortgage management solution provides one system of record that allows banks, credit unions, and mortgage lenders to originate and fund mortgages and improve compliance, loan quality, and efficiency. Its Encompass software is an enterprise solution that handles functions involved in running the business of originating mortgages, including customer relationship management; loan processing; underwriting; preparation of application, disclosure and closing documents; funding and closing the loan for the borrower; compliance with regulatory and investor requirements, and overall enterprise management that provides one system of record. It delivers Encompass software in an on-demand Software-as-a-Service (SaaS).

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